Steel Mills
New Chief and Deputy CFOs at Severstal NA
Written by Sandy Williams
September 17, 2013
Severstal North America announced the appointment of Olga Petrova as new Chief Financial Officer. Petrova will succeed Interim CFO Michael Tuomey who has been appointed Deputy Chief Financial Officer.
Petrova held the position of Head of Business the Planning and Controlling at parent company OAO Severstal since 2011. Her background includes high-level financial positions at Shell Exploration and Production, Schlumberger and PepsiCo.
“I am confident that Olga will be an invaluable asset to our organization as we move forward to position our company as a high-performing, customer-oriented steel supplier of choice,” said Saikat Dey, CEO, Severstal North America.
Tuomey has been with Severstal and its predecessor companies for 28 years, most recently holding the position of Director of Corporate Accounting and Controlling and Interim CFO.
“Mike’s dedication, broad business experience in the industry and overall knowledge of SNA’s financial systems will be instrumental in helping the company be more responsive to customer and employee needs,” commented Dey.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
‘Orderly liquidation’ of AHMSA assets begins
A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.
Nippon buying stake in Canadian iron ore project
Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.
USS anticipates Q4 loss on weak demand, BR2 start-up
Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.
Nucor blames steel mills segment for depressed Q4 guidance
Nucor cited decreased volumes and prices in it steel mills segment as the key driver of its lower guidance for the fourth quarter.
SDI warns of lower Q4 profits on weak prices, Butler outage
The Fort Wayne, Ind.-based steelmaker and metal recycler expects Q4'24 earnings guidance in the range of $1.26 to $1.30 per diluted share.